Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M Purchases January $237,400 $36,500 February 251,400 39,800 March 336,600 41,500 Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale: 4% are uncollectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase, Prepare a schedule of expected collections from customers for March. (Round answers to decimal places, e.g. 2,500.) NIETO COMPANY Expected Collections from Customers March March $ Total collections $ (b) Prepare a schedule of expected payments for direct materials for March (Round answers to decimal places, e.g. 2,500) NIETO COMPANY Expected Payments for Direct Materials March (b) Prepare a schedule of expected payments for direct materials for March. (Round answers to o NIETO COMPANY Expected Payments for Direct Materials March $